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Citing Higher Costs for Memory Chips, Dell Says Earnings Won't Meet Expectations
Dell Computer (DELL Quote) warned Wall Street investors late today that its third-quarter operating results will fail to meet expectations.
The computer systems company attributed the projected earnings shortfall to higher prices for memory chips.
Dell's disclosure came well over an hour after the stock market closed, but investors still punished the stock tonight, sending it down about 3 1/2 in after-hours trading. Earlier, the stock ended regular Nasdaq trading down 1 7/16 at 41 5/16. ...
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